Quality Education Institute Inc

Analysis

Quality Education Institute Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quality Education Institute Inc reported income of $1.0m and spending of $1.2m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Education Institute Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Westminster Nursery School ($1.0m), Midland Montessori School Inc ($1.0m) and York Public Library Association Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 11% of the total. Other salaries and wages came to $629k. At year end it held assets of $2.2m against liabilities of $257k, net assets of $2.0m. It reported 15 employees.